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☆ Fast-food diners are using loyalty apps to get deals on cheap — or free — food as prices soar
▼ + stars: | 2024-03-16 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

More diners are using restaurant loyalty apps to get cheap or free food. AdvertisementDiners are turning to fast-food loyalty apps for cheaper meals as years of price hikes catch up with customers. Many restaurant apps give diners points based on how much they spend, which can be redeemed for free food. AdvertisementPeople on Reddit say they're using loyalty apps to save money and get free meals. Some restaurant apps give diners points based on how much they spend.

Persons: McDonald's, —, Wendy's, Taco Bell, I've, Chipotle Martin Jennings, Jennings, Warren Colehour, Sharon Zackfia, William Blair, Annie Smith, Chris Kempczinski, Joe Erlinger, Erlinger, Laxman Narasimhan, Brady Brewer Organizations: Starbucks, Service, Bell Locations: Florida, Kentucky, Canada

☆ McDonald's franchisee group pushes back against 'detrimental' fee hike
▼ + stars: | 2023-09-25 | by ( Nancy Luna | ) www.businessinsider.com time to read: +4 min

McDonald's is increasing its royalty fee from 4% to 5% of gross sales for select franchisees. AdvertisementAdvertisementMcDonald's decision to increase its royalty fee for the first time in 30 years is sparking a backlash from a key franchisee advocacy group representing about 1,000 McDonald's franchisees. AdvertisementAdvertisementThe email was sent after McDonald's told operators and employees it plans to increase its monthly royalty fee, formerly called a service fee, from 4% to 5% of gross sales. McDonald's told Insider on Monday that the "claim that McDonald's is getting rid of services simply isn't true." The royalty fee hike comes as McDonald's plans to increase its new unit growth.

Persons: —, McDonald's, NOA, Joe Erlinger Organizations: Service, National Owners Association, CNBC

☆ McDonald's to raise royalty fees for new franchised restaurants for first time in nearly 30 years
▼ + stars: | 2023-09-22 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

McDonald's franchisees who add new restaurants will soon have to pay higher royalty fees. It's the first time in nearly three decades that McDonald's is hiking its royalty fees. However, the higher rate will affect new franchisees, buyers of company-owned restaurants, relocated restaurants and other scenarios that involve the franchisor. McDonald's will also stop calling the payments "service fees," and instead use the term "royalty fees," which most franchisors favor. They pay rent, monthly royalty fees and other charges, such as annual fees toward the company's mobile app, in order to operate as part of McDonald's system.

Persons: Joe Erlinger, McDonald's, Erlinger, Ian Borden Organizations: CNBC, Kalinowski Equity Research Locations: McDonald's, California, U.S

☆ McDonald's raises royalty rates for some franchise operators
▼ + stars: | 2023-09-22 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +3 min

New York CNN —For the first time in about 30 years, McDonald’s is increasing its royalty fee for new franchise operators in the US and Canada. Franchises are a key part of McDonald’s business, with roughly 95% of all McDonald’s locations operated by franchise operators. Operators pay a royalty rate to use McDonald’s brand and for access to its expertise. In 2018, McDonald’s franchise operators formed their first-ever advocacy group, the National Owners Association. And while other chains struggle to bring more customers into restaurant locations, McDonald’s is reporting growth in US traffic.

Persons: ”, Justin Sullivan, Joe Erlinger, We’re, Chris Kempczinski, Ian Borden Organizations: New, New York CNN, Getty Images Company, CNN, National Owners Association Locations: New York, Canada

☆ McDonald's is putting up royalty fees for new restaurants, marking the first increase in nearly 30 years
▼ + stars: | 2023-09-22 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

McDonald's is increasing royalty fees for new restaurants by 25% from January. The burger giant is set to increase its monthly royalty fees from 4% to 5% of gross sales for new restaurants opened by franchisees, starting January 1, CNBC first reported. McDonald's is also changing the name of the charge from service fee to royalty fee. McDonald's currently charges a 5% royalty rate "in all owned markets, except for the US and Canada," the company said in another memo to franchisees. AdvertisementAdvertisementMcDonald's first set its service fee at 1.9% in 1955.

Persons: McDonald's, Joe Erlinger Organizations: Service, CNBC Locations: Wall, Silicon, Canada, McDonald's

☆ A fight between fast-food chains and unions in California is over, for now – what to know
▼ + stars: | 2023-09-15 | by ( Amelia Lucas | ) www.cnbc.com time to read: +8 min

Gavin Newsom's office, also creates a nine-person council that will decide on future wage hikes for the fast-food industry in California through 2029. The deal will mean a wage floor of $20 for California workers at fast-food chains with at least 60 locations nationwide, starting April 1. The council will include four representatives from the fast-food industry, four from the workers' side and one neutral party who will serve as chair. But the fast-food industry was attacking the bill before it even made its way to Newsom's desk. Fast-food workers employed by affected restaurants will see pay increases of as much as 25% hit their paychecks starting in April.

Persons: Mario Tama, Gavin Newsom's, Mark Kalinowski, Newsom, Joe Erlinger, Erlinger, Jan, What's, Joe Pawlak, Technomic, they'll, Joe Pawlak Technomic, Pawlak, Mary Kay Henry, it's, Sean Kennedy, Burger Organizations: Getty, Gov, Equity Research, Democrat, FAST, Yum Brands, Restaurant Brands, McDonald's, Citi Research, Service Employees International Union, SEIU, California State, CNBC, Walmart, Target, Food, National Restaurant Association, Delta Airlines, Los Angeles International Airport Locations: Boyle, Los Angeles , California, California, McDonald's U.S, Minnesota, New York, —

☆ McDonald's is laying off hundreds of corporate employees and letting some stay with lower benefits, reports say
▼ + stars: | 2023-04-07 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

McDonald's employees have expected job cuts since January, Insider reported. The company is letting go of "less than 1,000" employees, Restaurant Business reported on Thursday. McDonald's is also shuttering 10 field offices, according to Erlinger's note. It says the restaurant chain has field offices in cities such as Dallas, Nashville, and Long Beach, California. The restaurant chain is "in the strongest position it has been in years," Erlinger wrote in his memo this week.

☆ McDonald's to close 10 US field offices and lay off hundreds of corporate employees, report says
▼ + stars: | 2023-04-06 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

McDonald's is laying off hundreds of corporate staff, Restaurant Business reported Thursday. The company is letting go of "less than 1,000" employees, Restaurant Business reported on Thursday. McDonald's is also shuttering 10 field offices, according to Restaurant Business. It says the restaurant chain has field offices in cities such as Dallas, Nashville, and Long Beach, California. Myra Doria will be McDonald's national field president, according to the report.

☆ McDonald's Exec Slams California Lawmakers for Passing Fast-Food Law
▼ + stars: | 2023-01-26 | by ( Nancy Luna | ) www.businessinsider.com time to read: +5 min

The FAST Recovery Act could raise minimum wage for California fast food workers to $22 an hour. This week, a top McDonald's exec slammed lawmakers for passing the law in an open letter. AB 257 creates a 10-member council of fast food workers, franchisees, franchisors, advocates for fast food employees, and representatives from the governor's office. The organization said higher wage mandates could raise costs for California fast-food restaurants by $3 billion. "As California fast-food workers defend this landmark law and assert their voice, SEIU is absolutely committed to standing with them in their fight."

☆ Premarket stocks: How Wall Street reacts to the GDP data will be telling
▼ + stars: | 2023-01-26 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +5 min

New York CNN —Wall Street analysts are holding their breath and crossing their fingers this morning as they await gross domestic product numbers for the final quarter of 2022. But that could all change if a recession looms into view and the US debt ceiling standoff drags on. “That is the worry: That you get turmoil in financial markets, a big tightening in financial conditions and that adds to downward pressure on economic activity,” he said. It’s not our expectation.”The United States hit the debt ceiling last week, forcing Treasury Secretary Janet Yellen to make accounting maneuvers to avoid breaching that $31 trillion borrowing limit. They argue it unfairly targets the fast-food industry and will increase prices and force businesses to lay off workers.

☆ McDonald's owners group says company rejected request to delay big changes to franchise system
▼ + stars: | 2022-09-28 | by ( Kate Rogers | ) www.cnbc.com time to read: +4 min

A customer places an order September 24, 2022 at a McDonald's Restaurant along the New York State Thruway in Hannacroix, New York. A group representing McDonald's owners said the company rejected its request to delay changes to franchising policies, including updated standards and adjustments to how the company evaluates potential new restaurant operators, according to a letter seen by CNBC. The leadership group represents McDonald's owners across the country. As of the end of last year, according to the company, there there were more than 2,400 franchise owners. The company declined to comment on the changes or the NFLA's letter and its request to delay the adjustments.

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